Streetbeat News

PGRE

Paramount Group, Inc.

https://www.paramount-group.com

Industry

REIT - Office

Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

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A Benzinga poll reveals that most subscribers would cancel streaming services over a 5% price increase. Netflix is the least likely to be canceled, while HBO Max is the most likely. Disney+ is increasing its price, leading to potential cancellations.

Portfolio Pulse from Michael Juliano

August 12, 2024 | 2:36 pm

Paramount Group has adjusted its estimated FY24 Core FFO guidance from a range of $0.75 - $0.81 to $0.76 - $0.80, with an estimate of $0.77.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:57 pm

Paramount Group (NYSE: PGRE) reported Q2 2024 earnings per share of $0.20, meeting analyst expectations. The company also reported sales of $187.408 million, surpassing the $183.645 million estimate and marking an 8.54% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:37 pm

Paramount Group has increased its forecast for FY24 Funds From Operations (FFO) from the range of $0.73-$0.79 to $0.75-$0.81, surpassing the estimated $0.73.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:04 pm

Paramount Group (NYSE:PGRE) reported Q1 2024 FFO of $0.22 per share, surpassing the $0.20 estimate, and sales of $188.877M, exceeding the $183.329M forecast. This represents a 15.38% decrease in earnings per share and a 0.21% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:51 pm

Morgan Stanley analyst Ronald Kamdem has maintained an Equal-Weight rating on Paramount Group (NYSE:PGRE) and lowered the price target from $4.7 to $4.5.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:01 pm

Evercore ISI Group analyst Steve Sakwa upgraded Paramount Group (NYSE:PGRE) from Underperform to In-Line and set a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:02 am

Paramount Group Inc has filed for a mixed shelf offering according to an SEC filing, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:12 pm

Paramount Group (NYSE:PGRE) reported a decrease in Q4 FFO to $0.21 per share from $0.25 YoY, but sales increased to $192.47M, beating the $176.98M estimate.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:31 pm

Earnings reports for various companies are scheduled for February 14, 2024. The report includes projections for earnings per share and revenue for a wide range of companies across different sectors, including technology, healthcare, industrial, consumer goods, and financial services. Some companies are expected to report losses, while others anticipate profits.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 9:48 am

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